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1st time homebuyers: USDA loans can be used to buy "fixer uppers"...Here are the best tips I know! - 05/22/09 12:50 PM
Hello everyone! Everyone on AR,and in the Realestate Market...I am sure KNOWS that USDA loans (where applicable) are arguably the BEST PRODUCT OUT THERE!!! However, did you know that you can purchase a home that needs some LOVE and FINANCE the improvements? All with NO MORTGAGE INSURANCE AND AT 100% of the purchase price or value?
Now, let's be realistic...your listing, or the house you want to buy...cannot look like this!
HOWEVER, A USDA "subject to" appraisal can be done on a home that needs a little less love!!!
Now, what is a "Subject to" appraisal you ask?
It is an … (23 comments)
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1st time homebuyers: FREECREDITREPORT.COM...can you hear the MUSIC???? Think "My SHARONA"! - 05/06/09 09:55 PM
The following was one of the 1st blogs I have ever done! I changed it up quite a bit, but left the content approximately the same! Now that I have been in "the RAIN" for a while, I thought it was DEFINITELY worth re-doing and re-stating! Plus, I added pictures! :)
***NOTE*** I am looking for EVERYONE to comment, so please do not be shy! That means you credit scoring & repair companies! HOWEVER, we are looking for ADVICE not sales pitches!
Well, so far, I have been to over 18 hours worth of "credit repair" training, as … (44 comments)
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1st time homebuyers: Pre-Qual, Pre-Approval, Approval, Loan Committment! What does it all mean??? - 04/21/09 11:57 AM
Pre-qualification letter: This is merely a letter that the lender provides to the realtor when asked, to send on with the OTP, that shows the SELLER that the customer has made application, had credit pulled, and in the "eyes" of that particular lender, should not be a problem to get financed. This letter is not much, but is MUCH better than someone who hasnt even applied yet! MANY LOOPHOLES though. Possibly, one addition here would be that the funder or lender has run DU, LP, DO, or something similar to obtain an electronic approval.
… (11 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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